8 Mar 2019
RE FORESTLANDS [2019] NZHC 393
- Citation
- [2019] NZHC 393
- Court
- High Court
The Court granted the application: liquidators may pay interim dividends to shareholders who have proved their shareholdings and provided bank details, must retain an amount equivalent to unpaid dividends for other shareholders in a separate account, may add interest from that account to the general pool for costs and final distribution, and the application may be determined without notice given the circumstances.